GKP

one more leg to the upside to come here imho. sideways in a range building strength atm, small pullbacks are good, and healthy in a up move.

Clear bull flag formation, target around the 100p. (have you heard anyone else tell you that??)
Be flexible around the mid 90's (200 day ema), if we get there, lol!

One the of the best flag formations i've seen in a while imo.
uk.advfn.com/p.php?pid=chartscreenshotsh...%3D&symbol=LSE%3AGKP

uk.advfn.com/p.php?pid=chartscreenshotsh...%3D&symbol=LSE%3AGKP

Whichever way it goes, its nice the see all the different views.

Regards,
Trendfriend.

P.S despite all the apparent doom and gloom, this is still holding and above the RSI support from mid Oct!!

F4T:

"Today close somewhere near the top of the gap."

'Tick.'

For a bit of fun, here's what I would like to see over the next day or so.

Today close somewhere near the top of the gap.
Gap down tomorrow at open (open below 75p) and then a further sell off.
That would leave an island top which spells doom. We don't see island tops or bottoms very often, so if it happens it will be special and they are usually quite powerful.

I don't bet on news btw.

F4T

PS: Bearish Harami looks like becoming a three inside down reversal pattern. Looks promising for the bears.

Gap, ema50 and the bottom of the channel lining up nicely for tomorrow am



www.screencast.com/t/s7CYTCvijAf0

Look out for a breakout, and short term btfd...

uk.advfn.com/p.php?pid=chartscreenshotsh...EOaA=&symbol=L%5EGKP

Regards,
Trendfriend.

Hi KK,

no change in my thinking from my last post. There wasn't much trading over 83 the other day, so that held for me.
I expect a retrace of at least 50% of the rise, so minimum to 64 which is also the 50SMA and probabaly to the 20SMA at 59/60. I am not a follower of EWT (but like to see it), so your wave count looks good to me.

I would like to see 50 tested again, but that is just me.

I do think that the bottom is in though.

Bearish harami yesterday gives you the hint of what's to come.

GL
F4T